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December 11, 2020 | International, Aerospace, Naval

Naval Air Systems Command Exercises Option for an Additional $38.7 Million for Full Rate Production (Lot 2) of the BQM-177A Subsonic Aerial Target System

San Diego, December 10, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received an additional $38,691,360 from the U.S. Navy for Lot 2 of its recently-awarded Full Rate Production (FRP) contract for an additional 48 BQM-177A Subsonic Aerial Targets (SSAT) and associated technical data.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The SSAT is an incredibly high-performance threat representation system consistently providing performance levels previously unachievable. The exercise of the FRP Lot 2 option secures the uninterrupted production of our SSAT system well into the Government's Fiscal Year (GFY) 2023.

Concurrently, we have been part of the Navy's site activation plan and I couldn't be prouder of the part we played in supporting the first flight at the Pacific Missile Range Facility in Kauai, Hawaii last month. Under Captain Molly Boron's leadership, the NAVAIR-Kratos team is already halfway to its goal of achieving Full Operational Capability (FOC) in GFY21.

Even under normal circumstances, achievement of FOC would be very challenging but to be making the progress we have during this pandemic is a testament both to the Navy's leadership and the commitment and perseverance of the Kratos team during these challenging times.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

View source version on Kratos Defense & Security Solutions, Inc.: https://ir.kratosdefense.com/news-releases/news-release-details/naval-air-systems-command-exercises-option-additional-387

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  • GE awarded $180 million contract to support T700 engines

    June 25, 2020 | International, Aerospace

    GE awarded $180 million contract to support T700 engines

    Lynn, MA, June 22, 2020 – GE Aviation has been awarded a five-year, $180 million contract by the U.S. Naval Air Warfare Center Aircraft Division (NAWCAD) to repair and overhaul T700 rotorcraft engines in support of the U.S. Navy's MH-60 Seahawk, and the U.S. Marine Corps' AH-1Z Viper and Bell UH-1Y Venom/Huey helicopters. “GE is grateful for the opportunity to provide T700 overhaul and repair support to the US Navy and Marine Corps fleets for another five years,” said Harry Nahatis, vice president and general manager of GE Aviation's Rotorcraft & Turboprop Engines. “This contract will allow GE to work closely with the Navy to improve fleet readiness while reducing cost.” Upon service entry in 1978 in the Sikorsky UH-60 Black Hawk, the T700 quickly proved its mettle in helicopter service, and its operational benefits also made it an ideal derivative as a turboprop powerplant. Today, the T700/CT7 family of turboshaft and turboprop engines power 15 types of helicopters and fixed-wing aircraft with more than 130 customers in more than 50 countries. The T700/CT7 family has surpassed 20,000 units delivered and more than 100 million total flight hours. The T700/CT7 engine line has become increasingly more powerful and reliable during its history. Many technological advances have been incorporated into the subsequent growth versions. Current models in the 2,000-3,000 shaft-horsepower range retain all the proven features and operating characteristics of earlier versions while delivering enhanced performance. The highly reliable T700/CT7 design has proven itself in the harshest environments, logging more than five million flight hours in hot-harsh combat zones like Iraq and Afghanistan. T700/CT7 helicopter engines power a variety of civil aviation and military applications including transport, utility and attack, medical evacuation, air rescue, firefighting, special operations and marine patrol. They serve five branches of the U.S. military, numerous international customers and civil aviation operators. Prime turboshaft applications include the Sikorsky Black Hawk, Seahawk, Jayhawk, Pave Hawk, S-70, S/H-92, CH-148, HH60-W CRH, and VIP transport helicopters; the Boeing AH-64 Apache, Bell UH-1Y Huey, AW-1Z Super Cobra,214ST Super Transport and 525 Relentless, Kaman SH-2G Super Seasprite, NHIndustries NH90, Leonardo AW101 and AW189 and KAI Surion. About GE Aviation GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation # # # For further information, contact: Nick Hurm 513.484.4450 nick.hurm@ge.com View source version on GE Aviation: https://www.geaviation.com/press-release/military-engines/ge-awarded-180-million-contract-support-t700-engines

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  • China’s industry reaps the benefits of political connections, international trade

    August 17, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    China’s industry reaps the benefits of political connections, international trade

    By: Mike Yeo MELBOURNE, Australia — China's defense companies continue their strong showing in the Defense News Top 100 list, with two of its companies in this year's top 10. The Aviation Industry Corporation of China, or AVIC (landing in 6th place), and China North Industries Group Corporation Limited, also known as NORINCO (8th place), reported defense-related revenue figures of $25.07 billion and $14.77 billion respectively. A third Chinese company in last years top 10, China Aerospace and Science Industry Corporation, or CASIC, dropped one place to 11th in this year's list. Overall, eight Chinese state-owned defense companies made it into this year's Top 100 ranking of defense companies around the world, including China's two largest shipbuilding conglomerates — China Shipbuilding Industry Corporation and China State Shipbuilding Corporation — which merged in November 2019 to create China State Shipbuilding Corporation Limited, or CSSC. Signs of growth China's industrial base has been the beneficiary of the country's economic reform efforts and globalization since the 1970s. The state of Chinese industry took a quantum leap with the end of the Cold War; the Asian economic powerhouse reaped the benefit of an exposure to advanced technology and modern manufacturing methods. These advances have transferred over to its defense industry, partly as a result of the transfer of civilian technologies, which are not restricted by Western sanctions on arms sales, implemented in response to China's human rights record, or obtained from countries that are not a party to those sanctions, like Russia and Ukraine. As a result, China's defense industry is today virtually unrecognizable from its early days when it mostly made both licensed and unlicensed copies of Soviet-era equipment. The most obvious of this is the continuing acquisition by China of the Russian Sukhoi Flanker family of fighter jets, which has subsequently seen the Asian country churn out increasingly capable analogs of their Russian counterparts. Beginning in the early 1990s with the acquisition and license production of the Su-27 interceptor, which has since morphed into the Shenyang J-11B equipped with indigenous avionics and weapons, China has subsequently imported the multirole Su-30 and Su-35 interceptors. The former has formed the basis of the Shenyang J-16, and it is likely both Russian types may form the technological basis for continued upgrades to the J-11 design. The unprecedented modernization of the People's Liberation Army over the past two decades in lockstep with China's economic development has also meant that the defense industry has been lavishly funded to equip a captive home market. Meia Nouwens, research fellow for Chinese defense policy and military modernization at the London-based International Institute of Strategic Studies, which helped Defense News compile the Top 100 data for Chinese defense companies, noted that President Xi Jinping is prioritizing defense at a national level as part of an effort to simultaneously pursue geostrategic goals and economic development. The national leadership's political will to transform China into a global power “should not be overlooked,” she said. She added that China's defense industry is capable of producing high-quality, high-tech defense products, although companies “still seeks to cooperate with international counterparts in academia and industry to gain access to cutting-edge know-how, skills and technology.” This has taken place alongside a large investment in domestic research and development, which Nouwens said has led to breakthroughs, specifically in the development of China's air-to-air missiles and quantum technology. For his part, Xi has promoted “the slimming down of large conglomerates, increased coordination with the [People's Liberation Army], enhanced effectiveness and sought to reduce the duplication of efforts,” she added. Export potential China's ongoing military modernization efforts means the local defense industry doesn't need to rely on the export market to sustain itself. Nevertheless, Nouwens said, Chinese defense conglomerates may be encouraged to increase exports given that Xi wants them to become increasingly self-sufficient and globally competitive. She added that the trend of defense exports and transfers being a cornerstone of Chinese diplomacy is likely to continue. The most obvious manifestation of this is China's continued export of materiel to Pakistan as well as the assistance Beijing has provided to developing the South Asian country's own defense industrial base. A side effect of this support included wedging China's geostrategic rival India, who is also frequently at odds with Pakistan. Nouwens also touched on the two-tier policy when it comes to China's defense exports, with its top-of-the-line equipment unavailable for export. However, she noted, China has improved the capabilities of defense articles available for export, including submarine technology, more modern frigates and collaboration with Pakistan in developing the JF-17 fighter jet. The latter has also been exported to Myanmar and Nigeria. One of China's most prominent exports remains its unmanned aircraft, with Nouwens noting that this market segment provided China with a “perfect combination of a capability that addressed a certain gap at a cost significantly cheaper than competitors on the market.” The window of opportunity has narrowed, however, with the U.S. having relaxed its own UAV export regulations. Countries like Jordan, the United Arab Emirates and Saudi Arabia, which have all acquired Chinese unmanned aircraft, may now turn to American designs instead; Jordan has already put up its Chinese-built CH-4 drones for sale. Despite reforms, Nouwens said, China's defense industry is bloated and, in some cases, requires further streamlining, with several of the industry's conglomerates involved in sectors as varied as hospitals and schools. https://www.defensenews.com/top-100/2020/08/17/chinas-industry-reaps-the-benefits-of-political-connections-international-trade/

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